McKenzie comments on Intro 1083 financial literacy advisors
McKenzie says Intro 1083 would require the Commissioner of Aging to designate at least one financial literacy advisor in each OAC for at least 20 hours a month. NYC Aging agrees with the intent to improve older adults' financial livelihood. The agency is reviewing concerns and looks forward to discussions.
Additionally, I am here to speak on Introduction 1083, sponsored by Councilmember Crystal Hudson, regarding the designation of financial literacy advisors to serve in older adult centers.
This bill would require the Commissioner of Aging to designate at least one financial literacy advisor to serve in each older adult center for at least 20 hours a month.
We agree with the shared intent to improve the personal or financial livelihood of older adults.
That is fundamental to our work.
As with any programmatic change, we are reviewing for any concerns with our agency partners, which may have an impact on our providers.
We look forward to ongoing discussions regarding how we can best support older adults in managing their financial and legal well-being.